Vecmocon, a vehicle intelligence company, has secured Rs 83 Crore in the first phase of its Series A funding. The funding round was led by Ecosystem Integrity Fund (EIF) with participation from Blume Ventures and British International Investment (BII). This follows Vecmocon’s earlier pre-Series A funding round in 2022, where it raised Rs 43.16 Crore… Continue reading Vecmocon secures Rs 83 Crore in series A funding to advance EV Technology
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Mercedes-Benz India announces price hike of up to 3% across all models from January 2025
Mercedes-Benz India has announced a revision in the ex-showroom prices of its entire model range, effective from January 1, 2025. The price increase will be up to 3%, depending on the model. This adjustment is attributed to rising input costs, inflationary pressures, and increased logistics expenses, which have been impacting the company’s operational costs and… Continue reading Mercedes-Benz India announces price hike of up to 3% across all models from January 2025
Tractor sales dip 1.64% in festive period amid sluggish infrastructure spending
Retail sales of tractors dropped by 1.64% during the 42-day festive period of the current financial year, making it the only vehicle category to face a decline during that period, according to data from the Federation of Automobile Dealers Association (FADA).Tractor sales declined due to a lack of infrastructure spending, FADA noted. Besides agricultural use,… Continue reading Tractor sales dip 1.64% in festive period amid sluggish infrastructure spending
“Festive cheer to continue even beyond festivals,” says Hero MotoCorp CEO
After clocking record sales during the recently concluded festival season, India’s largest two-wheeler maker Hero MotoCorp Ltd remains optimistic about the two-wheeler demand going forward. Wedding season and an uptick in rural sentiments are expected to boost sales ahead. “The positivity is continuing. This year we are seeing a lot of wedding days. A lot… Continue reading “Festive cheer to continue even beyond festivals,” says Hero MotoCorp CEO
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